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Today’s Transactions:
Closed BHO averaged at $13.74
Reason: This was a bad trade. Looking back, I probably have entered the position 2 or 3 quarters earlier than what I should have. So just take loss and move on.
Opened UPL Jan 08 80 put at $13.70 Stop if the stock is above $72
Reason: Unlike tight petroleum supply situation in the US, there is plenty of natural gas around (and you cannot easily move them around). UPL is traded a premium P/E ratio compared to its peers and if there is any drop in the price of natural gas, it will suffer as a result.
Today’s Return: 0.38%
Return since inception(June 05, 2007): 132.72%
S&P 500 Return since June 05, 2007: -5.23%
My positions:
PG
UTSI Jan 09 10 Call
GOOG Dec 07 400 Call
SOHU
DRYS
GOOG Mar 08 500 Call
FRO Feb 08 50 put
CX Jan 08 40 put
ITRI Jan 08 100 put
UPL Jan 08 80 put
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